Certification Regarding Chattels Sample Clauses
The Certification Regarding Chattels clause requires a party to formally confirm the ownership, condition, or status of movable personal property (chattels) involved in a transaction. Typically, this means the party must verify that all chattels listed in a contract are free from liens, encumbrances, or claims by third parties, and that they are in the agreed-upon condition at the time of transfer. This clause serves to protect the receiving party by ensuring transparency and reducing the risk of disputes over the ownership or quality of chattels included in the agreement.
Certification Regarding Chattels. Lender shall have received a certification from the Title Company or other service satisfactory to Lender or counsel satisfactory to Lender (which shall be updated from time to time at Borrower’s expense upon request by Lender in connection with future Advances) that a search of the public records disclosed no significant or material changes since the Closing Date including no judgment or tax liens affecting Borrower or Guarantor, the Property or the Personal Property, and no conditional sales contracts, chattel mortgages, leases of personalty, financing statements (other than those in favor of Lender) or title retention agreements which affect the Property.
Certification Regarding Chattels. Administrative Agent shall have received a certification from the Title Company or other service satisfactory to Administrative Agent or counsel satisfactory to Administrative Agent (which shall be updated from time to time at Borrower’s expense upon request by Administrative Agent in connection with future Advances) that a search of the public records disclosed no significant or material changes since the Closing Date, including no judgment or tax liens affecting Borrower, the Principals or the Facility Lessee, the Mortgaged Property, or the Facility, and no conditional sales contracts, chattel mortgages, leases of personalty, financing statements (other than those in favor of Administrative Agent or permitted by the Facility Lease and/or Leasehold Mortgage) or title retention agreements which affect the Facility.
Certification Regarding Chattels. Lender shall have received, at Borrowers’ expense, a search of the public records that, subject to Section 3.11 hereof and the Permitted Encumbrances, discloses no conditional sales contracts, chattel mortgages, leases of personalty, financing statements or title retention agreements which affect any of the Properties.
Certification Regarding Chattels. Bank shall have received a certification from the Title Insurer or counsel satisfactory to Bank (which shall be updated from time to time at Company's expense upon request by Bank) that a search of the public records disclosed no conditional sales contracts, chattel mortgages, leases of personalty, financing statements or title retention agreements which affect the Project.
Certification Regarding Chattels. Lender shall have received a certification from the Title Insurer or counsel satisfactory to Lender (which shall be updated from time to time at Borrower's expense upon request by Lender) that a search of the public records disclosed no conditional sales contracts, chattel mortgages, leases of personality, financing statements or title retention agreements which affect the Property.
Certification Regarding Chattels. Lender shall have received a certification from the Title Insurer or counsel reasonably satisfactory to Lender (which shall be updated from time to time, but not more frequently that once monthly, at Borrower's expense upon request by Lender) that a search of the public records disclosed no conditional sales contracts, chattel mortgages, leases of personalty, financing statements or title retention agreements which affect the Property.